Solvency Opinions

Select Engagements

  • Newly formed ESOP
    acquired 100% interest
    Financial Opinion
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  • has become
    100% ESOP owned
    Financial Opinion
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  • has become
    100% ESOP owned
    Financial Opinion
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  • Dienen, Inc.

    Newly formed ESOP
    acquired 100% interest
    Financial Opinion

  • Merger of 100%
    ESOP-owned companies
    Financial Opinion

  • Newly formed ESOP
    acquired 100% interest
    Financial Opinion

  • Newly formed ESOP
    acquired a minority interest
    Financial Opinion

  • Newly formed ESOP
    acquired 100% interest
    Financial Opinion

  • Newly formed ESOP
    acquired a minority interest
    Financial Opinion

  • Newly formed ESOP
    acquired a minority interest
    Financial Opinion

  • Newly formed ESOP
    acquired 100% interest
    Financial Opinion

  • Sale of the Company to
    NFP Corp.
    Financial Opinion

  • ESOP acquired a controlling
    interest to become 100% ESOP
    Financial Opinion

  • Newly formed ESOP
    acquired 100% interest
    Financial Opinion

  • ESOP acquired a
    controlling interest
    Financial Opinion

  • Sale of the Company to
    Tectum Holdings, Inc.
    Financial Opinion

  • Newly formed ESOP
    acquired 100% interest
    Financial Opinion

  • ESOP acquired
    a minority interest
    Financial Opinion

  • ESOP acquired
    a minority interest
    Financial Opinion

  • Sale of the Company to
    Dot Family Holdings &
    Svoboda Capital Partners
    Financial Opinion

  • Sale of the Company to
    Spring Communications Holding, Inc.,
    a subsidiary of GameStop
    Financial Opinion

  • Newly formed ESOP
    acquired a minority interest
    Financial Opinion

  • Sale of the Company
    to Pratt Industries, Inc.
    Financial Opinion

  • Acquisition of
    FAST Manufacturing, Inc.
    Financial Opinion

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Ask the expert
Contact Steve Nelson for more information on Solvency Opinions

Whether to help mitigate the risk of fraudulent transfer or to provide company management with analysis as to the cash flow/equity cushion from ongoing operations, an independent analysis of solvency enhances the review of any leveraged transaction or contemplated distribution.  Chartwell’s foundation for rendering solvency and related opinions is based on the decades of valuation and merger and acquisition consulting experience required by attentive boards of directors and leading lenders. 

Typical solvency opinion engagements include:

  • Leveraged transactions
  • Dividend distributions
  • Corporate spin-offs
  • Debt refinancing/restructuring
  • Stock redemptions

Dienen Fairness

Newly formed ESOP
acquired 100% interest
Financial Opinion

Title text: 
Dienen, Inc.

Norco Fairness

Newly formed ESOP
acquired a minority interest
Financial Opinion

ArcherPoint Fairness

Newly formed ESOP
acquired a minority interest
Financial Opinion

Eich Motor Company

Newly formed ESOP
acquired a minority interest
Financial Opinion

Impact Innovations

Newly formed ESOP
acquired 100% interest
Financial Opinion

Thoits

Sale of the Company to
NFP Corp.
Financial Opinion

Litehouse

ESOP acquired a controlling
interest to become 100% ESOP
Financial Opinion

The Bernard Group

Newly formed ESOP
acquired 100% interest
Financial Opinion

NRS

ESOP acquired a
controlling interest
Financial Opinion

Retrax

Sale of the Company to
Tectum Holdings, Inc.
Financial Opinion

Casino Queen

Newly formed ESOP
acquired 100% interest
Financial Opinion

Helsing Group

ESOP acquired
a minority interest
Financial Opinion

Mann Lake

ESOP acquired
a minority interest
Financial Opinion

Grabber

Sale of the Company to
Dot Family Holdings &
Svoboda Capital Partners
Financial Opinion

Parrot Cellular

Sale of the Company to
Spring Communications Holding, Inc.,
a subsidiary of GameStop
Financial Opinion

Brin Glass

Newly formed ESOP
acquired a minority interest
Financial Opinion

RMP

Sale of the Company
to Pratt Industries, Inc.
Financial Opinion

WASP

Acquisition of
FAST Manufacturing, Inc.
Financial Opinion

Steve Nelson, ASA

Steve Nelson, ASA
Managing Director
Dallas, TX
612-230-3131
steve.nelson@chartwellfa.com
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PRESENT POSITION

Steve leads Chartwell’s Transaction Opinions practice.  He has provided financial advisory services to privately held companies for over 25 years and is an expert on valuation issues related to Employee Stock Ownership Plans.  He also advises clients on a wide variety of corporate finance, valuation, tax, and fairness issues, mergers & acquisitions, divestitures, and general corporate related purposes.  Steve has performed valuations as a court-appointed appraiser and provided expert witness testimony. His opinions have consistently withstood scrutiny by the Internal Revenue Service and the Department of Labor.

 

MEMBERSHIPS & DESIGNATIONS

Steve is an active member of both The ESOP Association and the National Center for Employee Ownership, as well as a member of the Valuation Advisory Committee of The ESOP Association.  He has written articles and made various presentations on valuation and ownership transition for a variety of professional groups and boards of directors.  Steve is designated as an Accredited Senior Appraiser in Business Valuation by the American Society of Appraisers, and is a past President of the Twin Cities Chapter of the ASA.   He is a registered representative with Chartwell affiliate, CCS Transactions, LLC and holds FINRA Series 63 and 79 licenses.

 

PRIOR EXPERIENCE & EDUCATION

Prior to joining Chartwell in 2002, Steve was part of the valuation services group at Hawthorne Financial Advisors.

 

Steve holds a Bachelor of Arts degree in finance from the University of St. Thomas.